HomeNewsAngola posts biggest production rise in OPEC

Angola posts biggest production rise in OPEC

Chevron’s KWIP Platform
during the initial stage
of hook-up and
commissioning offshore
at Cabinda, Angola
Luanda, Angola — 29 November 2012 – Angola’s oil production in October saw the biggest rise against September of all the member countries of the Organisation of Petroleum Exporting Countries (OPEC), according to secondary sources cited in the oil market monthly report for November.

Macauhub News Agency reports that in October, Angola’s oil production rose by 108,100 barrels per day, from 1.67 million to 1.778 million barrels, while in Nigeria “’ the other large oil producer “’ production fell by 109,600 barrels per day.

This year Angola’s largest monthly production came in August when it totalled 1.813 million barrels per day.

The report adds that Angola remained as China’s second-largest supplier of oil in September, the latest month it cited, providing 18% of China’s oil imports, just behind Saudi Arabia, the biggest supplier, which provided 20% of China’s oil imports.

After Saudi Arabia and Angola, the biggest suppliers of oil to China were Oman and Russia, which in September increased its sales to China against the previous month. China imported an average of 4.9 million barrels of oil per day.

Source: Macauhub News Agency. For more information, click here